STOP THE UNFAIR SETTLEMENT

Background information (so you can catch up)

(M1252) Improving Like-for-like RSGs -- Boguslaw Olech, SCE, Nuclear Engineering International, 2012-01 This damning paper was published just weeks prior to the emergency shutdown, and exposed the fact that SCE had mandated that no NRC approval would be sought as a major premise of the project.

NO WALLSTREET INVESTOR BAILOUTS!

San Onofre Nuclear Generating Station (SONGS) has not generated any power since 1/31/2012 after an emergency shutdown and radiation leak, the failure due to design mistakes made by Edison and their subcontractor, Mitsubishi Heavy Industries.

Ratepayers continue to pay for SONGS just like an operating plant.

Plus we have been paying for power not produced by the plant.

The CPUC started an investigation into the failure in 2012.

The utilities want to abort the investigation into their failure and then have ratepayers pay $3.3B to bail them out.

Instead, ratepayers should see about a 10% REDUCTION in rates, since power from the plant averages 167% market price, and it comprised 10% to 20% of power used.

The proposed settlement was negotiated in secret and without all official parties to the proceeding allowed to participate, to bail out wall street investors on the backs of ratepayers.

Related Projects

See Shut San Onofre for information on our fight to close the plant. We won, but now we have to deal with this ridiculous settlement.

Key Documents and media coverage of this important issue (reverse date order)